Carbo Valverde, Santiago; Liñares-Zegarra, José Manuel; … - Departamento de Teoría e Historia Económica, Facultad … - 2007
Theoretical contributions on network industries have been numerous. However, there is a lack of sufficient empirical evidence which would assist related policymaking. This is the case of payment cards markets. This paper employs a unique database to analyze changes in market power and consumers'...